Could you be underinsured for racing?

Three Rivers Race

A challenging start in the Three Rivers Race

Navigators & General has warned people who race yachts to check their insurance cover levels as very few policyholders update their mast spars and sails values in-line with inflation.

Andy Postle of rigging suppliers and fitters Allspars Masts & Rigging said that his company had seen overall rig and sail values increase by more than 20 per cent over the last two years, and raw material costs had driven the price of standing rigging up by nearly 30 per cent.

Over a period of years owners tend to replace the occasional sail and piece of rigging with modern technology, and this can combine to increase the replacement value of mast spars and sails by thousands of pounds.

‘Dyneema halyards can be as much as two or three times the price of a conventional rope halyard, and carbon spinnaker poles are usually twice the price of an alloy spinnaker pole, he said.

For information, contact:
Simon Tonks, Navigators & General, email
Andy Postle, Allspars Ltd, email

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